ALICE Technologies Extends Funding Series B Round to Access $47M in Capital
SAN FRANCISCO, April 11, 2023 /PRNewswire/ -- ALICE Technologies announced that it has extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total value of the Series B funding to $47 million to date. ALICE Technologies' construction optioneering platform helps general contractors and owners worldwide to leverage the power of artificial intelligence to plan, bid and build their large-scale industrial, infrastructure and commercial projects more efficiently and with reduced risk.
- SAN FRANCISCO, April 11, 2023 /PRNewswire/ -- ALICE Technologies announced that it has extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total value of the Series B funding to $47 million to date.
- "As they expand the variety and number of projects on which they use ALICE, we must scale to meet demand.
- This financing extends the company's Series B round that ALICE announced in June of 2022 , and which was led by Vanedge Capital.
- Additional new investors included Bouygues, Gaingels, GRIDS Capital, JLL Spark, and MetaPlanet, which joined the round along with existing investors Future Ventures, Merus Capital, and Rising Tide.